http://news.silverseek.com/SilverSeek/1293027946.php This sounds awfully close to a post I made on DR one day, suggesting that chinese unloading their 'worthless' dollars are using this cash horde to buys things that will give them a better position post crash(my post was more related to paying any price wanted on real assets though, like mines). PM's are one such thing, so if you could trade some monopoly money for a good buy price on physical then would it be worth it? Read on...
Harvey suggested, I am almost in agreement with Ted on this except it is my contention that China originally supplied their above ground silver in or around the year 2000 as the USA exhausted all of its above ground 2 billion oz. In order to carry out the gold price suppression scheme, you needed to suppress the price of silver as well. It just would not look good to have gold knocked down to ridiculous levels and have silver soaring. This is where Mainland China stepped in. This was just around the time when President Clinton gave China favoured nation treatment. China loved the scheme. They bought gold at depressed levels with their left hand while supplying their above ground silver with their right hand.
http://www.lawyersandsettlements.com/case/ishares-silver-trust-slv-securities.html?ref=rss Chicago, IL: A lawsuit has been filed on behalf of a class that includes purchasers and sellers of the iShares Silver Trustand the ETF Securities Ltd. Silver Trust (NYSE-Arca "SIVR") during the period March 1, 2008 through the present. The lawsuit alleges that JPMorgan, the custodian of silver backing SLV securities and the sub-custodian of silver backing SIVR securities, and HSBC, the custodian of silver backing the SIVR securities, manipulated and suppressed the price of silver bar financial products, including SLV and SIVR, in violation of Section 9 of the Securities Exchange Act. If you purchased or sold the iShares Silver Trust ETF (NYSE-Arca "SLV") or the ETF Securities Silver Trust (NYSE-Arca "SIVR") securities during the period March 1, 2008 through the present, you may move the Court to serve as lead plaintiff within 60 days. The lawsuit, Case No. 1:10-cv-07768, was filed in the Northern District of Illinois on December 7, 2010 and is currently assigned to the Honorable Charles R. Norgle, Sr. The case is also brought on behalf of investors who purchased or sold CME Group Inc's "COMEX" silver futures or options contracts which are traded electronically through the Chicago-based "GLOBEX" platform and through COMEX. On behalf of these investors, the lawsuit alleges violations of the anti-manipulation provisions of the Commodity Exchange Act.
